Northrop Grumman Corporation Stock Forecast
Northrop Grumman Corporation stock price up 0.276% on Wednesday
(Updated on May 01, 2024)
The Northrop Grumman Corporation stock price gained 0.276% on the last trading day (Wednesday, 1st May 2024), rising from $485.03 to $486.37. During the last trading day the stock fluctuated 1.42% from a day low at $483.41 to a day high of $490.27. The price has risen in 7 of the last 10 days and is up by 7.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 327 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $492.51 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $489.57 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.95% during the next 3 months and, with a 90% probability hold a price between $476.99 and $513.78 at the end of this 3-month period.
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NOC Signals & Forecast
The Northrop Grumman Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $482.20 and $466.28. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -0.346%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, April 19, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 19, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Northrop Grumman Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $459.48 and $451.29. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Northrop Grumman Corporation finds support just below today's level at $459.48. If this is broken, then the next support from accumulated volume will be at $451.29 and $442.28.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $6.86 between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: $468.61 (-3.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (NOC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Northrop Grumman Corporation to open at $486.68, and during the day (based on 14 day Average True Range), to move between $478.04 and $494.70, which gives a possible trading interval of +/-$8.33 (+/-1.71%) up or down from last closing price. If Northrop Grumman Corporation takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $488.06 (0.35%) than the support at $459.48 (5.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Northrop Grumman Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Northrop Grumman Corporation stock to perform well in the short-term.
Current score: 2.832 Buy Candidate Unchanged
Predicted Opening Price for Northrop Grumman Corporation of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$486.68 ( 0.0642%) | $486.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 493.54 | 1.47 % | |
R2 | 490.92 | 0.94 % | ||
R1 | 489.30 | 0.603 % | ||
Current price: | 486.37 | |||
Support | S1 | 484.06 | -0.474 % | |
S2 | 482.44 | -0.81 % | ||
S3 | 479.83 | -1.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 488.06 | 0.347 % | ||
Current price | 486.37 | |||
Support | S1 | 459.48 | -5.53% | |
S2 | 451.29 | -7.21% | ||
S3 | 442.28 | -9.07% |
NOC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 13, 2024 | Feb 26, 2024 | Mar 13, 2024 | $1.87 | 0.408% |
2 | Feb 13, 2024 | Feb 23, 2024 | Mar 13, 2024 | $1.87 | 0.408% |
3 | Nov 15, 2023 | Nov 24, 2023 | Dec 13, 2023 | $1.87 | 0.386% |
4 | Aug 16, 2023 | Aug 25, 2023 | Sep 13, 2023 | $1.87 | 0.439% |
5 | May 16, 2023 | May 26, 2023 | Jun 14, 2023 | $1.87 | 0.418% |
FAQ
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